Updated with correction.
Mark Olsen, a former Towers Watson senior consultant, started his own public and corporate retirement plan consulting firm, PlanPilot.
The Chicago-based firm has a handful of 403(b) and 401(k) clients and is interested in obtaining defined benefit clients, but those type of clients “don't come around very often,” Mr. Olsen said in a telephone interview.
“I felt a calling to serve a market with a high service model that leverages my 20-plus years of experience in the plan consulting and compliance arena,” Mr. Olsen said.
Martin Gembis is an investment analyst and Bill Wendorf is senior consultant at PlanPilot.
Mr. Olsen is focusing on “controlled growth” in adding more staff as the company picks up more clients and business opportunities, he said.